Non-controlling interests

12 Months Ended

Dec. 31, 2024

Disclosure of subsidiaries [abstract]

11. Non-controlling interests

The following table summarizes the information relating to Deva, a subsidiary of the Company with a material non-controlling interest (“NCI”). The amounts disclosed are based on those included in the consolidated financial statements before inter-company eliminations.


	December 31, 2024			December 31, 2023
NCI percentage	19.5		%	19.5		%


Current assets	$	2,620		$	2,721
Non-current assets	11,704			22,095
Current liabilities	(239)			(228)
Non-current liabilities	(169,248)			(170,070)
Net liabilities	$	(155,163)		$	(145,482)

Net liabilities allocated to NCI	$	(30,257)		$	(28,369)

Cash flows used in operating activities	$	(3,382)		$	(2,981)
Cash flows used in investing activities	9			—
Cash flows generated from financing activities	3,406			2,954
Net decrease in cash and cash equivalents	$	33		$	(27)


Net loss and comprehensive loss	$	(9,682)		$	(14,638)
Net loss allocated to NCI	$	(1,888)		$	(2,854)

Net loss attributable to NCI in the consolidated statements of operations includes $1.9 million related to Deva (2023 – net loss of $2.9 million) and net loss of $0.3 million related to non-material subsidiaries (2023 – net loss of $0.4 million).

The carrying value of the NCI related to Deva is $(10.3) million (2023 – $(8.4) million) and the carrying value of non-material subsidiaries is $2.1 million (2023 – $2.2 million).

Deva is included in the Romanian reporting segment which is presented as a disposal group held for sale at December 31, 2024. Net loss attributable to Deva is presented as discontinued operations for the years ended December 31, 2024 and 2023 (Note 6).